Sean Dyche overlooked

[Kevwando]

The last thing I would describe SD as is daft.
I'm sure his finger, or that of his representatives, is on the pulse of any opportunities that may arise.

WBA might be the next pulse.

[Royboyclaret]

"I can’t see our wage bill exceeding £40-£50m. That leaves a significant sum left over. It’s a valid point though, wages are the strangler, if we are not careful."

A snapshot of the accounts to Jun'17 will look something like this:-

Income......£125m
Wages.....( £50m ) (including staying up bonuses)
Overheads......(£25m)
Player Depreciation.......(£25m)
Profit on sale of assets........£15m
Net Profit.........£40m.

[mdd2]

Thanks for that Royboy

[tim_noone]

The last thing I would describe SD as is daft.
I'm sure his finger, or that of his representatives, is on the pulse of any opportunities that may arise.

I can't imagine going to work everyday doing something I enjoy ...and wondering what's happening elswhere.

[boatshed bill]

I can't imagine going to work everyday doing something I enjoy ...and wondering what's happening elswhere.

I think the agents do all the "checking stuff out"

[dsr]

It's down to interpretation. I remember reading what he said and thinking it came across to me that he was interested, but at the same time not coming out and saying he wanted to leave. It's just the way I saw it. I'd need to go back and find the exact print, but it'll have to be tomorrow as I can't be arsed searching. I think it was something along the lines of, "I'm not saying I'm interested or not interested" - like I say, it's how you interpret things.

That's pretty much the impression he's trying to give. Everything he says when he's linked to any other job - and it's the same every time - leads the other lot to believe he's saying "I'll come if you want me" and us lot to believe he's saying "I don't want to go". He aims for deadpan non-committal, and (like with so much else) he succeeds.

[Turfytop]

Royboy, I know nothing about accounting etc, but what happens to the previous years profits, where does that go

[FactualFrank]

That's pretty much the impression he's trying to give. Everything he says when he's linked to any other job - and it's the same every time - leads the other lot to believe he's saying "I'll come if you want me" and us lot to believe he's saying "I don't want to go". He aims for deadpan non-committal, and (like with so much else) he succeeds.

Not sure who 'the other lot' is. He's certainly saying nothing to suggest he doesn't want to go.

[RalphCoatesComb]

Player Depreciation.......(£25m)

Really?

Quite a few of our players will have "appreciated" in value (Heaton, Pope, Ward, Mee and Tarkowski just to mention a few). Surely, our current squad is worth far more than we paid for them

[Vegas Claret]

there's not a member of our squad that hasn't improved under Dyche and his staff - that's how good they are

[DCWat]

Really?

Quite a few of our players will have "appreciated" in value (Heaton, Pope, Ward, Mee and Tarkowski just to mention a few). Surely, our current squad is worth far more than we paid for them

Presumably their value over the life of the contract and from an accounting perspective.

[taio]

Really?

Quite a few of our players will have "appreciated" in value (Heaton, Pope, Ward, Mee and Tarkowski just to mention a few). Surely, our current squad is worth far more than we paid for them

This will be standard accounting practice as transfer fees paid need to be amortised over the duration of each player's contract.

[Royboyclaret]

Ralph, the way it works on the Profit & Loss account is that the transfer fee for an incoming player is written off over the length of his contract. So that, with Chris Wood for example, £15m over three years will see £5m depreciated each year of the contract.

If then Wood is sold for £20m after his contract has ended, the whole amount is shown on the P/L account as profit on the sale of the asset.

[Tall Paul]

Really?

Quite a few of our players will have "appreciated" in value (Heaton, Pope, Ward, Mee and Tarkowski just to mention a few). Surely, our current squad is worth far more than we paid for them

That isn't how depreciation works. The transfer fee paid for the player is written off over the length of the player's contract. For example we paid £10m for Cork and gave him a four year contract, so we'll charge £2.5m depreciation each year for the next four years.

Any appreciation in their value is only realised if they're sold.

[Royboyclaret]

I think between the four of us we may have satisfied Ralph.

Turfytop......In theory any surplus would be transferred to the Balance Sheet as an increase in Cash At Bank, but it rarely happens that way in that during most close seasons Cash is either spent on incoming transfers and received by way of sales.

[brexit]

Ralph, the way it works on the Profit & Loss account is that the transfer fee for an incoming player is written off over the length of his contract. So that, with Chris Wood for example, £15m over three years will see £5m depreciated each year of the contract.

If then Wood is sold for £20m after his contract has ended, the whole amount is shown on the P/L account as profit on the sale of the asset.

I have always wondered is the insurance premium for a player counted in the P/L i.e as Heaton is injured I assume we have insurance on him does that pay his wages?

[Royboyclaret]

One potential adjustment to the previously posted forecast is the figure for Profit on sale of assets. I've since realised that the actual date of Keano's move to Everton was 3rd July '17, just three days into the new financial year thus improving this years overall figure but having the opposite effect on the Net Profit to Jun'17.

[tim_noone]

there's not a member of our squad that hasn't improved under Dyche and his staff - that's how good they are

Even Flanagan who apparently wasn't very good got a dream move..back to Liverpool !

[RalphCoatesComb]

That isn't how depreciation works. The transfer fee paid for the player is written off over the length of the player's contract. For example we paid £10m for Cork and gave him a four year contract, so we'll charge £2.5m depreciation each year for the next four years.

Any appreciation in their value is only realised if they're sold.

Thanks for that folks. Very similar to our car then, written off over its lifespan against tax. Makes sense, I suppose.

[dsr]

Not sure who 'the other lot' is. ...

The Everton fans / Crystal Palace fans / Sunderland fans / whichever-club-he's-linked-with-today fans.

[jurek]

I suspect our wage bill is nearer the 50m mark if not more, if you
take into account all staff and not just players and bonuses but that should still
leave us with a healthy amount given we should have at least 100m coming in
this season.
Also we've probably made around 5m on transfers this year.

However, if we stay up and manage a top ten position then next year we could have
around 120m+ even though I suspect the wage bill will go up too.

So, all in all we're in a relatively healthy position and that should give Dyche
a decent amount (by our standards) for incoming.

We've also increased our value in the sense that some of the players will have
increased their worth in terms of what we could sell them for by a considerable amount.
Tarkowski, Mee and Pope in particular are increasing their value almost weekly.

[IanMcL]

Mr Dyche may be overlooked by some. However, in Burnley he is appreciated. Can't think of another manager who had a mural!

[Wile E Coyote]

hilda ogden had one, not sure who she managed though

[IanMcL]

hilda ogden had one, not sure who she managed though

Hilda had a Muriel!

[gandhisflipflop]

Mr Dyche may be overlooked by some. However, in Burnley he is appreciated. Can't think of another manager who had a mural!

He is now. I don't get why he feels the need to go on about his first 6 months. It's as if it really annoyed him.

[IanMcL]

Perhaps he is just illustrating that the first 6 months in a new job is the time when you have to prove yourself. Not all plain sailing...but you keep going and see it through to the good times.

[NRC]

Ian, the same applies to all of us if we take new positions, but we don't keep banging on about it

[Holtyclaret]

I reckon Dyches people have put the word out that he isn’t potentially available until the summer. If so he hasn’t been overlooked but teed up.

Quite a compliment to his growing stature in the game and also a real show of Sean’s character and commitment to us.

[ablueclaret]

Sadly good jobs don't always come up in the summer.

[Juan Tanamera]

Sadly good jobs don't always come up in the summer.

Oh good, does that mean Dyche is here forever?

[yorkyclaret]

Ralph, the way it works on the Profit & Loss account is that the transfer fee for an incoming player is written off over the length of his contract. So that, with Chris Wood for example, £15m over three years will see £5m depreciated each year of the contract.

If then Wood is sold for £20m after his contract has ended, the whole amount is shown on the P/L account as profit on the sale of the asset.

We couldn't sell Chris Wood for 20P after his contract has ended.

[COYC73]

"I can’t see our wage bill exceeding £40-£50m. That leaves a significant sum left over. It’s a valid point though, wages are the strangler, if we are not careful."

A snapshot of the accounts to Jun'17 will look something like this:-

Income......£125m
Wages.....( £50m ) (including staying up bonuses)
Overheads......(£25m)
Player Depreciation.......(£25m)
Profit on sale of assets........£15m
Net Profit.........£40m.

How much did you assign for tax....?

[bfcjg]

It works both ways you know, he has been given amazing support by the fans which helps him, he has got a solid board of intelligent supporters backing him as much as possible, he has been given freedom, space and time; I am not saying many but some managers would have achieved as much as Sean here given what the employer has had to offer.

[Ric_C]

https://www.thesun.co.uk/sport/football ... allardyce/

If I was them, I'd give it to Unsworth till the summer, then try and get a bigger name in

[Fireguard]

That's gross profit. Many more overheads to be deducted before you ge to net profit.

[Royboyclaret]

"That's gross profit. Many more overheads to be deducted before you ge to net profit."

Not the case at all Fireguard........The forecast of £40m to Jun'17 is Operating Net Profit before Tax. An element of the tax liability can be offset against the Loss for the year ended Jun'16, as an indication in the accounts to Jun'15 the Tax charge was £4.5m on an Operating Net Profit of £34.6m.

[Hipper]

Quite. We will always have that imbalance by nature of size and location. Do you know how we compare to the likes of Stoke and Swansea?

This is from a couple of seasons ago:

https://www.theguardian.com/football/20 ... david-conn" onclick="window.open(this.href);return false;

[Royboyclaret]

That's a really informative link Hipper and one that clearly shows how, even just two years ago, the Wage bill at Burnley is half of the next lowest in the Prem.(£29m and next lowest was Hull at £56m).

So to answer DCWat's query Stoke's Wage bill was £67m, Swansea's £83m compared to our £29m.

As we know, that season resulted in relegation, going some way to confirming a strong correlation between Wage bill and final league placing. Interestingly the following year in the Championship our Wage bill was £27.1m plus £11.3m by way of promotion bonuses for players and management. Probably looking at nearer £50m for the next set of accounts to Jun'17.

[Goobs]

We couldn't sell Chris Wood for 20P after his contract has ended.

I think he means after the length of the original contract (at which point there would be no more depreciation), assuming he has signed an extension and is therefore still under contract.